732 19th St
Des MoinesIA50314
Cheap Homes for Rent in Drake University Neighborhood of Des Moines, IA from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Drake University area of Des Moines.
3721 Cottage Grove Ave
Des MoinesIA50311
1108 25th St
Des MoinesIA50311
732 19th St
Des MoinesIA50314
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1314 22nd St
Des MoinesIA50311
3903 University Ave
Des MoinesIA50311
1303 College Ave
Des MoinesIA50314
1215 25th St
Des MoinesIA50311
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1312 22nd St
Des MoinesIA50311
Showing Results 1-9, Page 1 of 1
Drake University, Des Moines, IA Local Guide
How much does it cost to rent a home in Drake University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Drake University 2 Bedroom Homes for Rent | $1,231 | $825 | $2,150 |
| Drake University 3 Bedroom Homes for Rent | $1,416 | $1,185 | $1,800 |
| Drake University 4 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
| Drake University 6 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Drake University Neighborhood of Des Moines, IA.
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Drake University, Des Moines, IA Local Guide
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Cheapest Available Drake University Apartments for Rent
The cheapest available apartment rental in the Drake University area of Des Moines, IA is a Studio unit found at Village Green priced from $600. The Concord Building has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here are the most affordable Drake University apartments for rent in Des Moines, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Green | Studio | Studio,1BA | $600 |
| The Concord Building | Studio | Studio,1BA | $630 |
| The Grove at Hickman | 1x1 | 1BR,1BA | $695 |
Best Value Apartments for Rent in Drake University, IA
As of June 01, 2026 the best value apartment in the Drake University area is the $1.14 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,450. The second greatest value Drake University apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Drake University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Matilda 235 Townhomes | B2 | 2BR,2.5BA | $1.14 |
| The Elmhurst | Model A | 2BR,2BA | $1.00 |
| MLK Brickstone Apartments | Two Bedroom | 2BR,2BA | $0.95 |
| Woodland Avenue Brickstone | 2x1 850 | 2BR,1BA | $1.38 |
| New Haven Apartments | 3x2 | 3BR,2BA | $1.44 |
| 722 18th St | 1x1 | 1BR,1BA | $1.21 |
| University Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.51 |
| The Grove at Hickman | 1x1 | 1BR,1BA | $1.21 |
| The Drake | B2 | 2BR,1BA | $1.46 |
| The Concord Building | Studio | Studio ,1BA | $1.20 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleDrake University, Des Moines, IA
Ranked #53
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Drake University
What type of rentals are currently available in Drake University?
There are currently 279 Apartments for Rent in Drake University, IA with pricing that ranges from $525 to $2,450. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake University ranging from $625 to $4,200.
What is the current price range for Rental Homes in Drake University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake University ranges from $625 to $4,200 with an average monthly rent of $1,598.
How much are larger Three and Four Bedroom Rentals in Drake University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Drake University range from $1,100 to $1,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $965.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa
Written by: Joseph Isenberg
I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.